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Cable Update (GBPUSD)

  • #157,021
  • Aug 11, 2009 9:48pm Aug 11, 2009 9:48pm
If my wife divorces me and I go back to the UK, I hope it goes to 1:1 first.

If I learn to love living in a desert full of religious nuts and diamond back rattlesnakes, I hope it goes to 2.50 so I can bring my UK wad to the US

Conclusion - I don't mind - any way the wind blows doesn't really matter much to me

I do reckon the stock market etc is due for a confidence wobble, so I am biased towards cable down - but I won't enter a position just yet until tomorrows crazy stuff settles down
  • #157,022
  • Aug 11, 2009 9:58pm Aug 11, 2009 9:58pm
i hope it go down to 1.6000
  • #157,023
  • Aug 11, 2009 10:02pm Aug 11, 2009 10:02pm
it will go up 1st then go down rite ?
i have posistion for buying in 1.6499
  • #157,024
  • Aug 11, 2009 10:09pm Aug 11, 2009 10:09pm
i hope it go down to 1.6000
  • #157,025
  • Aug 11, 2009 10:12pm Aug 11, 2009 10:12pm
Quoting allserene
If my wife divorces me and I go back to the UK, I hope it goes to 1:1 first.

If I learn to love living in a desert full of religious nuts and diamond back rattlesnakes, I hope it goes to 2.50 so I can bring my UK wad to the US

Conclusion - I don't mind - any way the wind blows doesn't really matter much to me

I do reckon the stock market etc is due for a confidence wobble, so I am biased towards cable down - but I won't enter a position just yet until tomorrows crazy stuff settles down
after a divorce your account balance might change significantly so lets hope that scenario is out of the picture
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #157,026
  • Aug 11, 2009 10:27pm Aug 11, 2009 10:27pm
On Thursday we have 3 news coming out for USD. Core Retail Sales m/m, Retail Sales, and Unemployment Claims. Previous numbers came out positive for all 3 news. I been thinking that since 3 news coming out same time for same currency we might see a big spike up for maybe good 50 pips. I might be wrong. Any news traders out there that want to add your 5 cents?
  • #157,027
  • Aug 11, 2009 10:43pm Aug 11, 2009 10:43pm
Quoting malcolmb14
it will and lower......just a matter of time
Will cable be???
  • #157,028
  • Aug 11, 2009 11:00pm Aug 11, 2009 11:00pm
then .... : http://www.forexfactory.com/showpost...stcount=156716


now ......
Attached Image (click to enlarge)
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Thank You
  • #157,029
  • Aug 11, 2009 11:32pm Aug 11, 2009 11:32pm
Quoting wormboy
then .... : http://www.forexfactory.com/showpost...stcount=156716


now ......

show off ...lol .... look back at my postings of July 12th . I even called the bs move to 1.7000.

now if i was only good at swing trading long side of market. I am very happy holdinh sells for a while but do not sleep well holding longs
Blogging daily now at www.volume.zone
  • #157,030
  • Aug 11, 2009 11:43pm Aug 11, 2009 11:43pm
Quoting malcolmb14
show off ...lol .... look back at my postings of July 12th . I even called the bs move to 1.7000.

now if i was only good at swing trading long side of market. I am very happy holdinh sells for a while but do not sleep well holding longs
show off? that makes the two of us then bahahahahhahaha

well the same thing can be said about scalping for me. wish I could trade these ranges like you do tbh. ranging is my kryptonite. welp beggars can't be choosers.
Thank You
  • #157,031
  • Aug 11, 2009 11:44pm Aug 11, 2009 11:44pm
its very very long way to get 1.6520 >.<
  • #157,032
  • Aug 11, 2009 11:45pm Aug 11, 2009 11:45pm
and I love my dragon 500 & counting ...

Inserted Video
Thank You
  • #157,033
  • Aug 11, 2009 11:48pm Aug 11, 2009 11:48pm
Hi Guys,

I am still big on daily direction, the trouble is for the life of me I cannot see where it is going.

To sate the obvious London will open it will test the high of the day the low of the day and go through it, in that order or any combination of.

The market is here because no one can agree on a price, but with in reason there has been agreement for the last 2 trading sessions.

The attached chart has the Guppy multiple moving averages on, the red EMA's are a proxy for the long term holders and the blue ones a proxy for the short term holders, like most indicaters it tells you clearly where PA has been, like any trader we want to know where it is going.

I am staying out untill I can see which way things will go, having said that I suspect a trip south is more likely than a trip north.
Attached Image (click to enlarge)
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  • #157,034
  • Aug 12, 2009 12:45am Aug 12, 2009 12:45am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
These big boys are very transparent beileve me or not :-)

Whichever direction they want to move, they will start moving the market few minutes before the news in the opposite direction. Checkout for yourself look at 30 min charts from 165 to 170 and 170 to 65 . You will find 30min candles with either long head or tail(pinbar) relevant to direction.

All in all, I know that 200 ema has been acting has support from last few months and we are stuck on it, and their direction before the news will give me clue where they intend to go. After all there is insider trading




Quoting malcolmb14
yeah and it could reach 1,7000

I was thinking test of 1.6600 before drop that has what has got me puzzled....

even if they leave usd interest rates stable usd may get weaker for a day or so , BUT overall global markets look set for drop . The drop in us equities will make usd stronger
  • #157,035
  • Aug 12, 2009 12:58am Aug 12, 2009 12:58am
I hate big boys they want to eat my pips
  • #157,036
  • Aug 12, 2009 1:06am Aug 12, 2009 1:06am
I still cant see any reason to go long. Price has penetrated the 6479 MM pivot and is ranging between this level and 6500. Unless I see a clear break out of the 6500 level AND a retest on the support side (i.e. 6500 res becomes support) then I see no reason to go long just yet. At the very least, I am holding on for a rundown to 6420 region.
Attached Image (click to enlarge)
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  • #157,037
  • Aug 12, 2009 1:22am Aug 12, 2009 1:22am
Quoting Zuke
I still cant see any reason to go long. Price has penetrated the 6479 MM pivot and is ranging between this level and 6500. Unless I see a clear break out of the 6500 level AND a retest on the support side (i.e. 6500 res becomes support) then I see no reason to go long just yet. At the very least, I am holding on for a rundown to 6420 region.
Agreed
Breakout is the word. Still gunning down for 6350
Thank You
  • #157,038
  • Aug 12, 2009 1:27am Aug 12, 2009 1:27am
Quoting Zuke
I still cant see any reason to go long. Price has penetrated the 6479 MM pivot and is ranging between this level and 6500. Unless I see a clear break out of the 6500 level AND a retest on the support side (i.e. 6500 res becomes support) then I see no reason to go long just yet. At the very least, I am holding on for a rundown to 6420 region.
Its not unusual to see 100 pip movement arround the London open, give take 90 minutes, either side, how hard is it to get 50? oh mercy! difficult, and after I get 50 if I keep going after 50 so do the pips
  • #157,039
  • Aug 12, 2009 1:27am Aug 12, 2009 1:27am
Morning Crew,

I'm currently flat, now looking for my favorite business of accumulating longs on the approach of 1.6450
Attached Image
Hear the music before the song is over ...
  • #157,040
  • Aug 12, 2009 1:28am Aug 12, 2009 1:28am
Quoting ams
These big boys are very transparent beileve me or not :-)

Whichever direction they want to move, they will start moving the market few minutes before the news in the opposite direction. Checkout for yourself look at 30 min charts from 165 to 170 and 170 to 65 ....
Before rate announcement there was a very nice candlestick in direction of the down trend. 1M candlestick before a major news release is as irrelevant as 1H or 30M ones. There is no pattern regarding this.
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